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The DeVile Company reported pretax accounting income on its income statement as follows 714 2019 0120 121 330.000 402. 000 40 003 included in the

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The DeVile Company reported pretax accounting income on its income statement as follows 714 2019 0120 121 330.000 402. 000 40 003 included in the income of 2018 was an installment sale of property in the amount of $54,000. However, for tax purposes, DeVille reported the income in the year cash was colected. Cash collected on the installment sale was $21600 in 2019, $27000 in 2020, and $5.400 in 2021 e Print included in the 2020 income was $22.000 interest from investments in municipal bonds The enacted tax rate for 2018 and 2019 was 30% but dring 2019 new tax legislation was passed reducing the tax rate to 25% for years 2020 and beyond References Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021 of no entry is required for a transaction/ew select "No journal entry required" in the first account field Journal entry worksheet Record 2018 income taxes Note: Enter debits before orefits. Dec 31, 2018 Record entry Clear entry

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